Oddity Tech (NasdaqGM:ODD) Surges 13% Last Quarter Following Strong Earnings with Sales Hitting US$124M

Oddity Tech (NasdaqGM:ODD) recently reported a last-quarter price move of 13%, which coincides with a series of impactful company events. Notably, the company released strong fourth-quarter results, with sales increasing to $124 million from $97 million year-over-year, alongside an active share buyback program that saw 2.35 million shares repurchased, reflecting positive investor support. Additionally, Oddity Tech issued optimistic guidance for 2025, with expectations for increased revenue. While broader market turbulence was notable due to new U.S. tariffs, the company's performance seems to have been insulated, likely due to its strategic actions and financial positioning.

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Over the past year, Oddity Tech's total shareholder return was 25.95%, surpassing the US market, which gained 8.4%, and the US Personal Products industry, which saw returns decline by 27.2%. A key factor behind this performance was strong earnings growth. The Q3 2024 earnings report, released on November 6, highlighted net income of US$17.72 million, up dramatically from the previous year's US$3.83 million. This followed robust Q2 results showing a similarly substantial increase in net income.

Another positive driver was the company's ongoing share buybacks, with a significant tranche of 2.35 million shares repurchased for US$100 million by February 2025. Additionally, Oddity Tech's strategic financial maneuvers, including a new US$200 million credit facility announced on January 31, 2025, have bolstered its financial flexibility, supporting further growth and investor confidence. These initiatives reflect the company's focus on enhancing shareholder value through steady financial management.

Gain insights into Oddity Tech's past trends and performance with our report on the company's historical track record.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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